ICO extended until 29 December?WTF
Here's the reason why: we had a breakthrough with China and some other Asian nations.
We want to emphasize that the crowdsale was not extended haphazardly to take advantage of a random upswing in interest; as others have stated, ICO’s generally tend to see a upswing of general community interest at the end. This was done because of specific international fund and group interest that appeared right before the originally intended end of the crowdsale. These groups need time for meetings and to perform due diligence. Were we to extend for these international parties, we the team also felt it was unfair to lock out the general community in this case.
This extension was certainly not done because we did not reach a soft cap, or because we did not have enough funds to develop our product. It was done because we had an opportunity to secure the hiring of additional devs and increase development runway.
Unsold tokens will still be promptly burnt after the 29th.
hmm ,strange decision ,in my opinion it's not fair to change the rules of the game in the last day ,for the sake of obtaining money from a group of Chinese whales
REKT
Not really changing the rule, but crowdsale extended (need to go through manual process) with higher price (fair to previous contributors). Below are the response from CEO Wally Xie in official Telegram group (
https://t.me/QchainPlatform)
Copied this from the Qchain official telegram group,
Wally Xie (Qchain.co), [06.12.17 02:06]
Hi Everyone,
I wanted to emphasize that the crowdsale was not extended haphazardly to take advantage of a random upswing in interest; as others have stated, ICO’s generally tend to see a upswing of general community interest at the end. This was done because of specific international fund and group interest that appeared right before the originally intended end of the crowdsale. These groups need time for meetings and to perform due diligence. Were we to extend for these international parties, we the team also felt it was unfair to lock out the general community in this case.
This extension was certainly not done because we did not reach a soft cap, or because we did not have enough funds to develop our product. It was done because we had an opportunity to secure the hiring of additional devs and increase development runway.
Wally Xie (Qchain.co), [06.12.17 04:20]
Also, to add, this extension is really targeted. We won’t be maintaining bounties, we won’t be running major campaigns as we have been doing during the phase of the main ICO, so you all won’t have to worry about a large influx of people being wooed in. We’re really extending this as a courtesy to our Telegram community as we wait on these other parties.
Wally Xie (Qchain.co), [06.12.17 05:02]
The main crowdsale through the dashboard is now closed. Thanks for the support, everybody! We provided as good service as we could offer.
Wally Xie (Qchain.co), [06.12.17 05:03]
For people who contributed, I hope the process worked alright for you guys! We’ll be low-profile continuing the manual crowdsale as mentioned, but then will be returning to focus more on product development. Been itching to get back towards that.
Wally Xie (Qchain.co), [06.12.17 05:07]
To date, we’ve raised 10.1 BTC, 600 ETH, and 1.7 mill XEM during the pre-sale and main crowdsale. Final numbers will be reported after the 29th.